Monday, January 21, 2013

Oil and gas boom is transforming the US

So says German spy agency.

Quote:
Natural gas production in the US already exceeds demand, and the glut last year forced prices down into the realm of maximum pain. So the US could become a major exporter of natural gas—pending approval by the government and construction of LNG export terminals. [emphasis added]

Comment:

Or the use of natural gas to make ammonia for fuel cell cars.  This would reduce dependence on oil and help find a demand for the increased supply.

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